The Percent Change of a Comparative Financial Statement Item Is

question 122

True/False

The percent change of a comparative financial statement item is computed by subtracting the analysis period amount from the base period amount, dividing the result by the base period amount and multiplying that result by 100.

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Definitions:

Investing

The act of allocating resources, usually money, in order to generate income or profit.

Return

The process of a customer bringing back a purchased product to the seller for a refund, exchange, or credit.

Project

A temporary endeavor undertaken to create a unique product, service, or result, often within constraints of time, quality, and budget.

Annual Return

The percentage change in an investment's value over a one-year period, including dividends and interest.